ANNUAL REPORT June 2026 Notes to the Consolidated Financial Statements Share issue costs - (6,133) 30 June 2026 5,115,488,534 198,310 Terms and Conditions of Contributed Equity (c) Ordinary Shares Ordinary shares have the right to receive dividends as declared and, in the event of winding up the Company, to participate in the proceeds from the sale of all surplus assets in proportion to the number of and amounts paid up on the shares held. Ordinary shares entitle their holder to one vote, either in person or by proxy, at a meeting of the Company. Option holders have no voting rights until the options are exercised. Movements in Equity Awards The following table illustrates share-based payments, the number and weighted average exercise prices (WAEP) of, and movements in, equity awards during the year: Options Number WAEP A$’000 Balance at 1 July 2025 481,841,177 0.073 9,514 Granted during the year: Recognised as share-based payments expense 122,875,000 0.123 15,110 Recognised as share issue costs 113,840,060 0.020 2,265 Equity Portion Reversal – Convertible Notes - - (1,125) Exercised (370,597,770) (0.017) (6,434) Expired/Lapsed (48,251,674) (0.017) (783) Balance at 30 June 2026 299,706,793 0.064 18,547 Performance Rights Number A$‘000 Balance at 1 July 2025 - - Granted 23,290,000 4,513 Exercised - - Expired - - Balance at 30 June 2026 23,290,000 4,513 EQ Resources Limited Annual Report 2026 87
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